According to mortgage buyer Freddie Mac, the rate rose to 6.85% from 6.72% last week. The average rate on a 30-year mortgage in the U.S. rose for the second week in a row to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans.The rate rose to 6.85% from 6.72% last week, mortgage buyer Freddie Mac said Thursday.
Similar Stories to Mortgage Rates Are Surging As 2024 Comes To A Close. Here’s Why on Bing News
Associated Press, Fast Company
Fri, 12/27/2024 - 6:11pm
BING NEWS:
- Falling number of cash buyers pushes discounts to over 13%
Cash buyers are securing average discounts of over 13% compared to the prices paid by buyers needing a mortgage, new analysis by MPowered Mortgages reveals.
01/5/2025 - 8:06 pm | View Link - 2025 Mortgage Rate Forecast: A Long and Bumpy Road to Recovery
In 2024, the path to lower mortgage rates seemed relatively clear-cut: Official inflation would go down, the Federal Reserve would carry out more interest rate cuts and the cost of borrowing would ...
01/4/2025 - 5:28 am | View Link - 30-Year Mortgage Rates Bounce Down Again After 1-Day Hike
After adding points the previous business day, 30-year mortgage rates moved lower, in line with the recent trend. Other loan types saw mixed movement.
01/3/2025 - 2:06 am | View Link - The Fed Is Cutting
Powell is admitting that inflation is still too high, but the Fed still plans to cut interest rates by .25%. So why are mortgage rates going up? Read more ...
01/1/2025 - 1:20 am | View Link - Housing supply jumps to 4-year high – but it's not all great news
America's housing shortage appears to be easing, but the major reason for the increase in homes on the market provides little comfort, according to a new report.
12/31/2024 - 5:07 am | View Link - More
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